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The Indonesian Palm Oil Association (GAPKI) asked the government to cut palm oil export taxes to offset US reciprocal tariffs. Indonesia faces a 34% tariff versus 24% for Malaysia, and GAPKI says Indonesian palm oil exports carry about US$221 per ton in costs versus US$140 for Malaysia.
Higher relative tariffs and costs could shift US palm oil demand toward Malaysia, pressuring Indonesian export volumes and prices unless duties are reduced.
gapki.idadminApr 9, 2025After 158 past bearish trade events, Palm Oil moved a median +0.0% over 5 sessions (51% higher; middle half -1.3% to +0.8%), and -1.4% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
